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Statistics Show High Potential for Businesses in Tourism in Türkiye

4 February 20231 min readInvesto Global advisory team

Statistics show tourism in Türkiye rose to a higher peak in the post-pandemic period, hence offering new business opportunities.

Istanbul and the Bosphorus, seen from Ortaköy

Türkiye has always been famous for its abundance of tourist attractions and Turkish hospitality. As a result, there's a high potential for business owners, especially in the tourism industry, to expand their business in Türkiye. This article will cover the number of tourists in the aftermath of COVID-19.

Tourism in Türkiye Statistics in 2022

Tourism in Türkiye achieved unprecedented figures after 26 million tourists visited Türkiye in the January-July period of 2022, which means tourism in this country achieved a rise of 128% compared to the same period of 2021. In July, six million tourists visited Türkiye, which indicated a rise of 53% compared to July 2021. “This is an extraordinary and exciting result,” says Yalçın Lokmanhekim, the General Manager of Türkiye Tourism Promotion and Development Agency. According to Lokmanhekim, The Turkish government set their aim to be the host of 42 million visitors, which means 35 billion dollars in revenue. But the surprising tourism statistics urged the government to raise this number to “47 million tourists and 37 billion dollars in revenue.”

Which Nations Visited Türkiye the Most?

Among the many nations who visited Türkiye in 2022, Germans topped the list with 1,308,721 visitors, followed by Bulgarian visitors with 945,976 visitors and Russian tourists with 853,590, according to a statement issued by the Ministry of Culture and Tourism in Türkiye. Interestingly, the number of Americans visiting Türkiye in the first half of 2022 rose to 76.8% over 2019 before the pandemic struck.

Real Estate Investment as a Way to Establish a Business in Türkiye

Bare in mind that one of the ways to have permission to establish a business in Türkiye is gaining citizenship by real estate investment. This way, you can earn profit both from your new business income and the returns on your property. For a free consultation about the details of this program, contact us today.

Published 4 February 2023. Figures, rules and timelines change — confirm the current position with an adviser before you act on anything here.

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